Finance Bill
Constitutional Basis and Parliamentary Procedure
The Finance Bill is introduced in the Lok Sabha immediately after the presentation of the Union Budget to give legislative authority to the taxation proposals of the government.
- The Finance Bill is a type of Money Bill as defined under Article 110 of the Constitution, as it deals with imposition, alteration, and regulation of taxes.
- Under Article 109, a Money Bill can only be introduced in the Lok Sabha — the Rajya Sabha cannot originate or amend it; it can only recommend changes within 14 days.
- The Lok Sabha may accept or reject any recommendations of the Rajya Sabha on a Money Bill.
- The Speaker of the Lok Sabha certifies a bill as a Money Bill — this certification is final and not subject to judicial review (though challenged in the Aadhaar case).
- The Finance Bill must be passed before the commencement of the new financial year (April 1) to make budget proposals operative.
● Tracked since March 25, 2026 · last seen March 27, 2026 · updates as the daily brief publishes
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